Lynx Price (LYNX)

Lynx is a decentralized blockchain that focuses on environmental sustainability and ease of use and is intended for nontechnical users. The entire LYNX network is designed to collaborate with low-power devices that anyone can run so that global mining cost can come down.

Lynx is meant to be more user and environmentally friendly than blockchain projects that require unsustainable energy requirements. Also, due to an abundance of unmined coins, the Lynx network aims to be maintained for a very long time. LYNX is the native token of the platform. 

Cryptocurrencies dependent on proof of work (PoW) may be perceived as having four design flaws:

Lynx has created a hybrid proof-of-work (HPoW) solution to overcome these challenges. Hybrid PoW systems aim to utilize the benefits of PoW/PoS and balance their weaknesses. Lynx's business rules recommend using low-cost computing to mine coins. This process aims to decrease the electricity required to maintain the Lynx network to a fraction of what other cryptocurrencies use, with less environmental impact. 

Focusing on low-cost computing also can help create a broad, more decentralized miner base that improves the stability and security of cryptocurrencies. The HPoW also aims to provide easy-to-use tools for creating cryptocurrency that anyone can use far into the future.

Lynx is designed to minimize the environmental impact, as it works to develop global solutions and reduce carbon dioxide emissions. 

Lynx comes from an existing coin—Kittehcoin (MEOW)—which was released in 2013 in response to Dogecoin. Later, the project became inactive owing to a lack of continuous development and ready solutions. In 2017, Ben Wilson decided to fix the coin and rebranded the project as Lynx. Other team members include Scott Phelps (Lynx developer) and Austin Caine (community admin/web developer). The whitepaper was published on July 10, 2021.

We update our Lynx to USD currency in real-time. Get the live price of Lynx on Coinbase.